Moody's has upgraded Southampton Town's debt rating from Aa2 to Aa1.  This will result in a reduction of interest rates for both new and refinanced bond issues.  It is estimated that the Town will save $700,000 (mostly in the 2012 fiscal year) just from refinancing of certain older bonds.  New issues will carry an interest rate of 2.57%, well below the rate of 3-3.5% that would have prevailed with the old rating.

"Credit should go to the entire Town Board, especially Supervisor Anna Throne-Holst, who has put forth an aggressive series of moves designed to restructure Town Hall and reduce institutional expenses."  Read the full editorial in The Southampton Press.

"...a much more legitimate public benefit is being proposed to the west in Hampton Bays, where Town Supervisor Anna Throne-Holst, after listening to concerns raised by some hamlet residents, began negotiations to save the Canoe Place Inn."  ...Read the full Southampton Press editorial...